Hystar Receives €26 Million EU Grant for Green Hydrogen Production Expansion in Norway
Key Ideas
- Hystar secures a €26 million grant from the EU Innovation Fund for its PEM electrolyzer stack production line in Høvik, Norway.
- The grant will facilitate the installation of an automated GW production line, enhancing cost-efficiency and scalability for green hydrogen production.
- Hystar's innovative PEM electrolyzer stack technology aims to make green hydrogen more affordable and accessible by leveraging existing supply chains and automation.
- The expansion plan includes increasing annual capacity to 4.5 GW by 2031, positioning Hystar as a key player in the green hydrogen market.
Hystar, based in Høvik, Norway, has been awarded a substantial €26 million grant from the EU Innovation Fund to support its green hydrogen production expansion. The company specializes in PEM electrolyzer stack technology, known for its cost-effectiveness and performance improvements in green hydrogen plants. By automating the production line at its Høvik facility, Hystar aims to streamline operations and accelerate the adoption of green hydrogen by reducing costs and enhancing efficiency. With an existing production line capable of producing 100 MW annually, Hystar is already contributing to commercial projects. However, with the aid of the EU grant, the company plans to establish an automated GW factory that will increase its annual capacity to 1.5 GW by 2027 and further scale to 4.5 GW by 2031. This expansion will not only boost Hystar's production capabilities but also strengthen its position in the green hydrogen sector, fostering a more sustainable energy future.
Topics
Production
Low-carbon Technologies
EU Innovation Fund
Scaling Operations
Automated Production
PEM Electrolyzer Stacks
Cost Reductions
Green Hydrogen Plants
Norwegian Technology
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